Title

Expanding Opportunities to Underserved Businesses Act

Official Title

To amend the Small Business Act to increase the maximum loan amount for loans under the microloan program.

Summary

Expanding Opportunities to Underserved Businesses Act - Amends the Small Business Act to increase from $50,000 to $75,000 the maximum loan amount under the Small Business Administration (SBA) microloan program (loans to start-up, newly established, or growing small businesses).

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